KPMG – Venture Pulse, Q3 2025

The main theme of the report is the analysis of venture financing in the third quarter of 2025.

Key findings include the growth of venture capital investments in Q3'25 and market optimism related to the opening of IPOs in the US. Successful IPOs of companies like Figma, Bullish, and Klarna are highlighted. The Americas lead in venture investment volume, followed by Europe and Asia, with a focus on investment trends in Africa. Artificial intelligence (AI) remains the leading sector by investment volume. There is interest in defense technologies, healthcare, quantum computing, and alternative energy. Despite geopolitical challenges and US tariff policies, the market sentiment remains positive.